There is a lot said in the world of personal finance blogging on the subject of debt, as you would expect given that the borrowing of money and the expansion of available credit has pretty much transformed the buying habits of the past two or three generations. Some personal finance bloggers will say that ‘all debt is bad’ and that you should never borrow money at all.
One of the fantastic things about the internet in recent years is the way in which it has opened up so many new possibilities for us.
Just a few years ago it would have seemed impossible for the average person to get involved in financing a start up company or earning money working for someone on the other side of the world, for example. Yet, these are just a couple of examples of what anyone can do now if they want to.
You may be fortunate enough one day to be in a financial position where you feel ready and able to invest your savings or perhaps manage them in a way that suits you better. However, when you reach this stage you not only find yourself somewhat swamped by indecision caused by the many different options available, but also the economic turmoil in certain areas of the markets.
There seems to be a growing trend these days for the millionaires and billionaires of the world not to pass on their wealth to their children but to instead give away their huge wealth in a philanthropic effort. While this is very admirable it does throw up an interesting question, how would you feel if you were the child of one of these rich people? A child who would have otherwise been the recipient of this immense wealth?
You would be forgiven for being uncertain of where and how to invest your money in 2014. The blanket coverage of negative press and scaremongering regarding the economy has naturally meant many potential business investors, or those who want to invest financially, are now too afraid or anxious to put their money in places that could ultimately benefit them.